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Details & Enter

Eligibility

Degree seeking student taking minimum 3-credit hours enrolled in a program at a higher education institution in WV may enter the competition. Duel enrolled students may only compete in one of the business plan competitions. The Oversight Committee reserves the right to review the qualifications for each applicant and make determination on eligibility. 

Open to all majors. Students participating in university-approved, co-op programs are considered full-time students for the purpose of this competition.

Students that graduate in December 2020 are eligible to compete, but MUST attend all mandatory functions related to the competition during the spring of 2021.

    The Statewide Collegiate Business Plan Competition is committed to undertaking a practical and reasonable effort to protect any confidential and proprietary information provided by participants. Finalists will receive guidance on intellectual property and an overview of best practices will be included in the workshop materials. Judges in all rounds are asked to acknowledge and agree to be bound by confidentiality terms. Final round judges and semi-final judges will sign hard copy confidentiality agreements at the event. All participants do acknowledge the public nature of a business plan competition and assume all risk associated with any disclosure during the course of the competition.

    The Process

    1. Create a Team

    Teams may consist of 1-3 members. Assign a team leader. Team leaders will submit the team business idea using the business model canvas template.

    All members must be degree seeking students taking a minimum of 3-credit-hours enrolled at a West Virginia institutions of higher education, but do not need to attend the same institution.

    Building a team with diverse skill sets is recommended. Teams may enter multiple business ideas in the first round, but only one (1) such business idea may compete in the semifinals. If two submissions from the same team leader are selected for the semifinals, teams can break up or add additional team members as needed. Teams can add or remove team members up until the Workshop. 

    2. Select a Business Idea

    For-profit and non-profit ideas are eligible. Social entrepreneurship is encouraged. All business ideas must have the potential to be viable, legal entities eligible to operate under the laws of West Virginia.

    Rules of Eligibility:

    1. Businesses who have generated revenues of $10,000 or more on the sale of goods and/or services produced by their business prior to the Round 1 submission date are not eligible.
    2. Past winning participants are not eligible for re-entry of the same business idea. 
    3. Past non-winning participants are eligible for re-entry into the competition.
    4. Businesses must be registered and compliant with the laws in the state of West Virginia. There are no restrictions on the geographic location(s) where the business operations shall occur.

    3. Register and submit your idea online by November 13 at noon

    4. Scoring

    Each submission will be reviewed by a panel of judges comprised of various business professionals. Summaries will be scored on a standard rubric. Scoring rubric can be found at BusinessPlanWV.com.

    Fifteen (15) teams will be chosen to compete in the Semifinals. Should the top 15 teams in not include representatives from each participating school, additional semifinalists will be chosen so that every institution will be represented in the semifinals. Semifinalists must agree to compete at the Semifinals by December 4. Semifinalists will be announced to the public on December 7, 2020.